GlobalData
More cruise tourists book direct post pandemic
As a result of the COVID-19 pandemic, cruise bookings have shifted away from intermediaries with cruise tourists opting to book directly with the cruise line rather than through an Online Travel Agent (OTA) or the high street.
Generation Hashtag will be a key driver for niche tourism growth driven by experience economy
According to GlobalData’s recently published report, ‘Niche Tourism, 2022 Update – Thematic Research’, demand for niche tourism holidays and experiences is growing among Generation Hashtag (defined as people born between 1991 and 2005).
Google represents ongoing threat to online travel agencies
COVID-19 had a serious impact on online travel agencies (OTAs), according to GlobalData, which notes that the OTA market value decreased by a gruesome 60.4% year-on-year (YoY) in 2020.
Omicron to deter global economic recovery prospects in 2022
Despite visible green shoots in key macroeconomic indicators in the first half, the emergence of new COVID-19 variant Omicron and its fast spread has made the global economic recovery increasingly uneven towards the tail end of 2021, due to which data and analytics company, GlobalData, has revised down the global economic growth forecast for 2022 from 4.6% in July to 4.5% in December 2021.
Deal activity in tourism up by 9.7% in November 2021
A total of 79 deals (mergers & acquisitions (M&A), private equity, and venture financing) were announced in the global travel and tourism sector during November, which is an increase of 9.7%
Another European ski season could be hanging in the balance
Demand for ski trips in Europe is expected to take a hit this year due to rising COVID-19 cases, according to GlobalData, which notes that these destinations could see reduced footfall as early as December.
Slovenia could become adventure tourism capital of Europe: GlobalData
Slovenia is expected to see inbound tourism rise to 5.7 million arrivals by 2024, a 22% increase on pre-pandemic levels, according to GlobalData
UK air passenger duty cut provides boost for domestic aviation
UK-based domestic airlines will see the reduction in domestic air passenger duty (APD) as a vital boost to the aviation industry, says GlobalData
Indian travellers to be highly sought-after, says GlobalData
Indian tourists will be some of the most desirable travellers, given India’s growing economy, young population and rising middle class, according to GlobalData
Government support is vital for aviation to achieve carbon-neutral goals
Airlines and the wider aviation industry will struggle to meet ambitious carbon neutral targets alone. Governments must act by providing significant investment following COP26 to ensure meaningful action occurs.
European travelers to drive Gulf tourism recovery
European travellers are set to become a key source market for the Gulf region, especially Gulf Cooperation Council (GCC) countries, which will help their post-pandemic tourist industry recovery.
TUI’s ‘workation’ packages meet growing trend combining travel and remote working
TUI is turning to alternative markets such as the growing trend for a combined travel and remote working experience as it launches a new ‘workation’ package.
Trips to visit friends and family to rise by 10M by 2024 as US relaxes UK travel restrictions
The announcement that US travel restrictions for vaccinated UK residents will be relaxed from early November will be met positively by people keen to reunite with family and friends
Five most popular tourist activities in first half of 2021
Post-pandemic travel recovery has led people to head out to explore outdoors with various tourist activities, a way to address the individual mental health.
Deal-making activity in tourism sector declined by 17% during August 2021: GlobalData
A total of 57 deals comprising mergers and acquisitions (M&A), private equity and venture financing were announced in the global travel and tourism sector during August 2021, which is a decline of 17.4%
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